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dc.contributor.authorNaufal, George S.en_US
dc.contributor.authorTermos, Alien_US
dc.date.accessioned2009-10-13en_US
dc.date.accessioned2010-07-07T11:51:18Z-
dc.date.available2010-07-07T11:51:18Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:101:1-2009082062en_US
dc.identifier.urihttp://hdl.handle.net/10419/35391-
dc.description.abstractWe investigate the responsiveness of remittances from the Gulf Cooperation Council (GCC) countries to the changes in the price of crude oil. Most of the GCC countries rank in the top 20 remitting countries in the world. We find that oil price elasticity of remittances is around 0.4. While most studies have examined the impact of remittances on the real economic activities in the receiving countries, this study emphasises the impact of remittances on the remitting countries. We examine various policy implications with regard to macroeconomic shocks, monetary policy and fiscal policy of the GCC countries.en_US
dc.language.isoengen_US
dc.publisherForschungsinst. zur Zukunft der Arbeit Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4277en_US
dc.subject.jelF24en_US
dc.subject.jelP22en_US
dc.subject.jelN15en_US
dc.subject.ddc330en_US
dc.subject.keywordElasticityen_US
dc.subject.keywordremittancesen_US
dc.subject.keywordoil priceen_US
dc.subject.keywordGCCen_US
dc.subject.stwRücküberweisung (Migranten)en_US
dc.subject.stwErdölpreisen_US
dc.subject.stwElastizitäten_US
dc.subject.stwArabische Golf-Staatenen_US
dc.titleThe responsiveness of remittances to the oil price: the case of the GCCen_US
dc.typeWorking Paperen_US
dc.identifier.ppn608071641en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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